Risk Theme

Correct Answer: Internal stakeholders

Internal stakeholders are those who work within the organization executing the project and typically have the most active involvement with day-to-day project activities. These include project team members, department managers, executives, and other employees directly working on or affected by the project. External stakeholders (like customers, suppliers, or partners) have an interest in the project but aren't usually involved in daily operations. Remote stakeholders are even further removed from regular project activities. Regulatory stakeholders primarily focus on compliance aspects rather than engaging in routine project tasks. In PRINCE2, understanding stakeholder categories by proximity helps in developing appropriate communication strategies and managing stakeholder engagement effectively.

Correct Answer: A key supplier has moved from remote to interface stakeholder status

In PRINCE2, stakeholder proximity is a key factor in determining appropriate engagement strategies. When a key supplier moves from remote to interface stakeholder status, this represents a fundamental shift that requires significant changes to the engagement approach. Interface stakeholders have a direct relationship with the project and require more intensive communication, collaboration, and management compared to remote stakeholders. A key supplier in this position would need more frequent updates, potentially face-to-face meetings, and closer monitoring - all requiring substantial changes to the engagement strategy. The other options represent less significant changes to stakeholder proximity: - The project board delegating operational decisions changes responsibilities but not the proximity of stakeholders - Department heads requesting more detailed information changes the content of communication but not the proximity relationship - External consultants being embedded changes proximity but has a more limited scope than a key supplier's status change, as suppliers typically have critical impact on project delivery and outcomes

Correct Answer: The Risk Register

In PRINCE2, the Risk Register is the central repository for all identified risk information in a project. It contains details about each risk including its description, probability, impact, owner, and planned responses. The Risk Register serves as a key project management tool for risk monitoring and control because it allows the project team to track risks throughout the project lifecycle, review them regularly, and update their status as needed. The other options are incorrect: The Issue Log records actual problems that have already occurred rather than potential risks that might happen. The Risk Management Strategy document outlines the approach and procedures for managing risks, but it does not serve as the repository for individual risk information. The Daily Log with risk annotations is not a standard PRINCE2 document for comprehensive risk management. While the Daily Log can capture informal notes, it is not designed to be the central repository for tracking all risks.